In the 2017 Tesla Model 3's price range, the BMW i3 represents one of its few competitors. The 2018 Model 3's lower price will pit it against other EVs that include the Chevrolet Bolt, Hyundai Ioniq and Nissan Leaf. In all of these cases, the Tesla outperforms these alternatives by a significant margin in terms of acceleration and range.

A competing EV with a range of 180 miles per charge at a lower price would be a major challenge to Tesla’s Model 3, especially if it doesn’t top 200 miles per range, or come in at $35,000. * Tesla’s battery life will last 100,000 miles “in moderate climates” based on the assumption that most users will charge the car to 80 percent or less of its capacity, as recommended by Tesla.